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The extensive consumption of hydrocarbon has impacted the environment in a greater manner causing a rise in carbon emission, GHG emission, and global warming. The international community and government agencies across the world are taking an initiative to promote green energy. Biomass boiler is playing an important role in reducing carbon emission by consuming wood dust and chips, wood pellets, forest residue, etc. as a primary fuel supply to generate heat and power.
Biomass boiler releases heat which can then be utilized to heat home, and generate electricity. A biomass boiler can be installed at the commercial complex, residential societies, hotels, industries, and other places. The energy generation from biomass boiler has the least adverse impact on the environment as compared to energy generation by fossil fuel, as it releases carbon dioxide instead of carbon monoxide.
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On the basis of feedstock, the global biomass boiler market can be segmented into woody biomass, agriculture, forest residue, biogas & energy corps, urban residue, and others. Woody biomass is most popular among these feedstocks and widely used in biomass boiler owing to its easy availability and low cost.
Based on the type, biomass boiler can be classified as Fully Automated Biomass Boiler, Semi-Automated Biomass Boiler, Combined Heat and Power Systems, and others. Fully automated biomass boiler is the most efficient type of boiler as the wood pellets or chips are directly fed into the boiler combustion chamber through a hopper. In CHP boiler both heat and power are produced but they are quite expensive for domestic purpose.
On the basis of end-user, the global biomass boiler market can be segmented into Residential, Commercial and Industrial. The biomass boilers are widely used by the industrial segment owing to rapid urbanization and growing industrialization is the major factor for the growth of biomass boiler in the industrial segment.
Biomass is considered as carbon neutral form of energy because the carbon dioxide is released by burning the biomass is actually absorbed by growing plants which is expected to increase the demand for a biomass boiler in the world. Rising environmental concern and government support for the installation of the biomass boiler installation are also the factors driving the growth of global biomass boiler market.
Biomass boiler is bulky and requires regular maintenance for ash collection which hinders the growth of the biomass boiler. The initial investment is high as compared traditional gas fired boiler and need more space for storing fuel and wood which acts as a restraint for the global biomass boiler market.
Some of the major companies that are present in the biomass boiler market are Babcock & Wilcox, Amec Foster Wheeler, Thermax, Siemens, IHI Corporation, Doosan Heavy Industries, Thyssenkrupp, Eco vision, Hurst, Innasol Limited, AbioNova, Ansaldo, and DP CleanTech.
· Woody biomass
· Forest residue
· Biogas & Energy Crop
· Urban Residue
· Fully Automated Biomass Boiler
· Semi-Automated Biomass Boiler
· Combined Heat and Power System
· Power Generation
· North America (USA and Canada)
· Europe (UK, Germany, France, Netherlands, Norway, Russia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico, Argentina, Venezuela, Chile and Rest of Latin America)
· Middle East & Africa (South Africa, GCC, Nigeria and Rest of Middle East & Africa)
The global biomass boiler market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. European Union is showing a keen interest in the adoption of green energy by promoting renewables. Countries like Germany, Sweden, Austria, and Finland are strongly adopting biomass renewables for the production of electricity and heat. In order to mitigate the rising carbon emission threat, European countries are more inclined towards non-conventional energy which is anticipating the growth of the biomass boiler in Europe. North America is the growing market for the biomass boiler owing to raising awareness to adopt renewable sources of energy to reduce carbon emission. The Asia Pacific is anticipated to be the fastest growing market for biomass boiler market owing to rapid urbanization, growing industrialization and adoption of green energy in the countries like India, Japan, and China. In Latin America, agricultural wastages are used as biomass fuel for electricity generation. Brazil, Chile, and Mexico are the major players in the biomass boiler market in Latin America.
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